Golden Finance reported that, potentially influenced by BUSD being deemed non-securities, BNB has broken through $545 in the short term, now trading at $540, with a 24-hour increase of 2.52%.

coin Jiejie.com reported: According to rwa.xyz data, the number of stablecoin holders has rise to 93.6 million this year, a record high, according to coin Jiejie.com. There are currently 35 stablecoins with a total market capitalization of $157 billion. Of all stablecoin, USDT led with market capitalization $114.07 billion accounted for more than 80% of the stablecoin Address, followed by USDC and BUSD.

According to rwa.xyz data, the number of Address holding stablecoin has rise to 93.6 million this year, a record high. There are currently 35 stablecoins with a total market capitalization of $157 billion. Of all stablecoin, Tether (USDT), which leads with market capitalization $114.07 billion, accounts for more than 80% of the stablecoin Address, followed by USDC and BUSD. （Coindesk）

Golden Finance reported that Whale monitoring data showed that 50,000,020 BUSD were burned in Paxos Treasury worth $50,109,807.

According to the on-chain data tracking service Whale_, at around 22:36 Beijing time, 49,999,151 BUSD were burned by Paxos Treasury on the EthereumBlockchain, worth about $50,094,370.

According to the on-chain data tracking service Whale_, 50 million BUSD were Address transferred from the beginning of "0xdfe4" to Paxo Treasury through the EthereumBlockchain, worth about $50,113,316.

According to the on-chain data tracking service Whale_ monitoring, after just destroying more than 90 million BUSD, at around 0:47 a.m. Beijing time on January 10, a "0x609b" began Address transferred 50 million BUSD to Paxos Treasury, worth about $50,017,136.

According to the on-chain data tracking service Whale_, Paxos Treasury burned 90,001,515 BUSD, worth about $90,029,651, at around 0:04 a.m. Beijing time on January 10, according to the on-chain data tracking service Whale_.

Golden Finance reported that according to Whale _ monitoring, at around 17:49 Beijing time today, 85,000,000 BUSD were transferred from an unknown wallet to Paxos Treasury.

According to Whale monitoring, about half an hour ago, 50 million BUSD were transferred from an unknown wallet to Paxos Treasury, worth $50,085,435.

Odaily On-chain information shows that about 10 minutes ago, 65,060,031 BUSD were destroyed by Paxos.

Odaily Planet Daily News Ancilia monitoring showed that an old contract of Compund V2 was attacked and lost about 1.32 BTC, about 46 WBNB, about 30,000 BUSD, about 128,000 BUSDT, about 4,000 USDC, and about 3,000 DAI. The total damage was about $320,000. The attack this time is the old contract of Compund V2, which does not affect the normal operation of the dApp.

Ancilia, a Web3 security platform, posted on social media that an old Compound v2 protocol was hacked and lost about $320,000. The losses include: about 46 WBNB, 30,000 BUSD, 178,000 BUSDT, 4,000 USDC, 3,000 DAI, 14.6 ETH, 1.32 BTC. Ancilia said the root cause was Exchange Rate manipulation. Once the Exchange Rate is under control, Hacker can borrow more money than Collateral. The contract uses the old Compund V2 protocol, which has known vulnerabilities.

Gold Finance reported that Rekt FTX sought court approval to estimate its customers' crypto asset claims in U.S. dollars, according to court filings dated Dec. 27. The exchange clarified that this action is essential to prevent any obstacles in the Rekt process, adding that the liquidation of every claim related to digital assets is impractical and unnecessary and would unduly delay these Chapter 11 cases. As a result, FTX recommends estimating the value of Bitcoin at $16,871, Ethereum at $1,258, and SOL at $16. AVAX is $14.19, and the Stable Coin USDT, TUSD, and BUSD are a few cents less than the usual $1. FTX argues that its valuation represents a "fair and reasonable" value of these digital assets as of the Nov. 11 petition date. The motion drew criticism from FTX creditors, who described it as another theft and urged people to oppose the plan.

According to Six Degree's stablecoin research, since 2022, the supply of stablecoins on the ETH chain has dropped from a peak of $100 billion to $66 billion, a drop of more than 30% from last year, according to Six Degree's stablecoin research. Research data shows that the two stablecoins, BUSD and USDC, caused the overall market capitalization to fall from $139 billion to $100 billion. $129.5 billion. The supply of stablecoins on the Tron network increased from $31 billion in 2022 to $48.9 billion, an increase of more than 57%.

Odaily Venus Protocol posted on the X platform that BUSD is now entering the final stage of deprecation, so the collateral factor (CF) will be reduced. To ensure a smooth transition and prevent potential liquidations, users are strongly advised to process any outstanding loans using BUSD as collateral as soon as possible and immediately withdraw and exchange their BUSD supply on Venus for other stablecoins.

Venus Protocol said on social media that BUSD is now entering the final phase of depreciation, and as a result, the collateral factor (CF) will be lowered. To ensure a smooth transition and prevent potential liquidations, users are strongly advised to repay any outstanding loans using BUSD collateral and immediately withdraw the BUSD supply on Venus and exchange it for other stablecoins.

Gauntlet and Chaos are proposing the following conservative and aggressive parameter changes to frozen assets on Aave v2 Ethereum, Gold Finance reported. The conservative proposal aims to liquidate no assets, while the aggressive proposal aims to limit the maximum liquidation amount to $3,000 per asset. Of the 25 frozen assets, 5 assets (BUSD, FIL, RAI, AMPL and UST) have an LT of 0, and 5 assets (1INCH, SUSHI, BAT, FEI and KNC) have an LT of 0.01. Under these proposals, the collateral liquidation amount will be less than $3,000 per asset. This will affect a total of 55 assets, resulting in a cumulative liquidation of $145,50.00 in collateral value.

On November 20, it was reported that Travala, a crypto-friendly travel booking platform, issued a document saying that it would stop supporting BUSD on January 1, 2024. Users can withdraw BUSD before 15:00 Beijing time on January 1, 2024, and if they do not withdraw it, it will be automatically converted into travel points based on 1 BUSD equal to 1 travel credit.

Data tracked by Glassnode shows that for the first time in more than a year, funds have flowed into the cryptocurrency market through stablecoins. The 90-day net change in supply of the top four stablecoins (USDT, USDC, BUSD, and DAI) has turned significantly positive, the first time this has happened since the Terra crash in mid-May 2022. （CoinDesk）

According to The Data Nerd, whales 0x06a repaid 20,000 BNB ($4.87 million) of debt on Venus Protocol in the past two hours, according to Golden Finance. The remaining debt balance is 8,690 BNB (US$2.12 million). In addition, he stook $19 million worth of USDT, BTC, and BUSD on Venus Protocol.

Golden Finance reported that CoinGecko released its third quarter stablecoin report, which shows that the top 5 stablecoins by market share are: 1. USDT share is 69%, USDC share is 21%, 3.DAI share is 3.2%, 4.TUSD share is 2.8%, 5.BUSD share is 1.9%. In addition, the report shows that the market capitalization of the top 15 stablecoins fell by 3.8%, or $4.8 billion, in the third quarter of 2023, and the current stablecoin market cap is $121.3 billion. USDT's market cap remained flat in the third quarter of 2023, however, other stablecoins grew their market share by 2.6%. USDC topped the stablecoin with a loss of $2.26 billion (-8.3%) in the third quarter, while BUSD saw the largest percentage decline, down 45.3%. TUSD was the only one in the top five to rise, increasing its market capitalization by $390 million (+12.8%).

Golden Finance reported that CoinGecko said in its cryptocurrency industry report for the third quarter of 2023 that the total cryptocurrency market capitalization in the third quarter of this year fell by 10% month-on-month, totaling $119 billion. Spot trading volumes on centralized exchanges fell by 20.1% during this period, and the market capitalization of major stablecoins also fell significantly. CoinGecko said that USDC fell by $2.26 billion, and BUSD saw the largest decline of 45.3%, down $1.87 billion.

PANews news on October 20, PeckShield tweeted that the Atlantis Loans attackers have exchanged 10 $ETH, 9.1K $Cake, 355 $ADA, 492.5 $DOT into about $100,000 stablecoins (about 60K $USDT, 35.5K $USDC and 4.9K $BUSD) and transferred them to 0xe047... fB01 address. It was previously reported in June that the BSC ecosystem protocol Atlantis Loans was attacked and lost about $1 million.

Helio Protocol announced the completion of protocol upgrades, adding SnBNB and WBETH as collateral and eliminating BUSD as collateral.

PANews reported on October 10 that DeFi protocol dForce stated on the X platform: “According to the DIP052 proposal, we will stop supporting BUSD on all supported lending protocols on L1/L2 chains. If there are still For open BUSD positions, please be careful to close them and withdraw BUSD."